2000% Parabolic extension for CarParts.com??

Dec 30, 2024

On the above 6 week chart price action has corrected 98% since February 2021. A few reasons now exist for a long interest, they include:

1) Price action and RSI resistance breakouts

2) Price action confirms support on past resistance.See 15 year chart below.

3) Regular bullish divergence. This divergence prints on legacy support / resistance.

4) No share splits!

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: Trade
Risk: Small market cap, keep positions sizes small
Timeframe for long entry: Weeks
Return: 500-2000%
Stop loss: will say elsewhere



15 year chart

Jan 7

Trade active

Forget Bitcoin... trust me.

Jan 27

Note

CarParts.com Regains Compliance With Nasdaq Minimum Bid Price Rule